There were warning signs for the current breakdown. Staying consistently below the 200 DMA and staying 8 weeks below the Trapdoor to Hell were some of them. Breaching the Long term SPX Monthly uptrend channel (Click on chart to enlarge) was another bearish indicator.
As mentioned before, the Series of Cycles predicted at the beginning of the year, a January Low, February High and April 08 Low (and more). The detailed series was pretty good too: 1/23L, 2/13H, 2/26H, 3/5H, 3/11L, 3/13L, 3/14H... Lower Lows are out there. The decline is not over quite yet.
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7 comments:
8.6 year Armstrong cycle bottoms this week
The wave pattern is simple folks. Looking at the big picture an early April low will bring a fair retrace into July.
A July/Aug high would be perfect.
No, July/Aug. will be a low.
As I suggested several weeks ago, the April cycle will be higher than the Jan. low. Even though we've a week to go we'll work up from here into April 6 or so. Then flatten out a bit and probably top by mid April or so.
Then have a sloppy retrace in late July/ maybe early Aug. Then up into the end of the year or early 09.
There'll be a few rough patches along the way but by mid Aug. if you don't have your act together you'll be watching exactly what you're seeing right now
35 years of pattern reading works folks.
Hey you might be right about Aug. Jupiter goes direct Aug. 6.
Watch for a fast drop from this Thurs into very early April a mid April top and late April low. ah ha
Mars is about to enter Leo which has the signs of a speculative mania and boom which should rally the Dow above 16,000 into July.
Should also see one scary drop near the halfway point to Dow 16,000. Dont get scared when scary drop happens, get bullish and keep buying into July top.
Dow 16K holly smoke you're way more optimistic than I am. One thing though, I need to dust off my astrology charts.
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